A shopkeeper buys a box of 10 dozen apples for Rs.180.He estimates that 20% of them would be rotten.He intends to sell each apple so as to make a profit of 60% on his cost.Assuming that 20% of the apples turn out to be rotten.Find:
i) the number of good apples in the box
ii)the sum of money for which he should sell the good apples so as to make a profit of 60% on his cost.
iii)the selling price of each apple in order to earn the said profit.
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Answers
cp of apples = 180
therefore sp = 160÷100×180 = 288
therefore cost of 1 apples = 2.4 ruppees
Given :
Shopkeeper buys 10 dozen apples for Rs.180
% of apples estimated to be rotten = 20%
% of profit he wants to make = 60%
To Find :
(i) The number of good apples in the box
(ii) The sum of money for which he should sell the good apples so as to make a profit of 60% on his cost.
(iii) )the selling price of each apple
Solution :
(i) Given, 20% of the apple turned out to be rotten.
He bought 10 dozens of apple
Total no. of apple that he bought = 10 × 12 = 120
Now, Number of rotten apples = 20% of 120 = 24
∴ Number of good apples = (120 - 24) = 96
(ii) He bought apples for Rs. 180
Profit that he should make to gain a profit of 60% = 60% of 180 = Rs. 108
∴ The sum of money for which he should sell the good apples so as to make a profit of 60% = (180 + 108) = Rs. 288
(iii) Number of good apples = 96
The amount for which he should sell the apples to gain 60% profit = 288
Therefore, Selling Price of each apple =
= 3
∴ The selling price of each apple in order to earn 60% profit is Rs. 3